Prada is a luxury fashion brand that was founded in Milan, Italy in 1913. The brand is renowned for its unique designs and high-quality products.
Over the years, Prada has become a household name and has expanded its business operations to various parts of the world. In this article, we will explore who currently owns Prada and how the ownership has evolved over time.
Early Ownership of Prada
Prada was founded by Mario Prada, who started the company as a leather goods shop that sold steamer trunks and handbags. Initially, Mario owned and managed the company with his brother Martino. However, when Mario passed away in 1958, his daughter Luisa took over the business.
The Entry of Patrizio Bertelli
In 1978, Patrizio Bertelli joined Prada as a sales representative. He was later appointed as CEO of the company in 1995 after he married Miuccia Prada – Luisa’s daughter and Mario’s granddaughter.
Under Bertelli’s leadership, Prada experienced significant growth and expansion. He introduced new product lines such as footwear and clothing which helped to diversify the company’s offerings. Bertelli also expanded Prada’s business globally by opening new stores in various countries.
Current Ownership Structure
Today, Prada is owned by Patrizio Bertelli’s holding company – Prada Holding S.p.A which he owns jointly with his wife Miuccia Prada. The holding company also owns other luxury brands such as Miu Miu, Church’s, Car Shoe and Pasticceria Marchesi.
Prada Holding S.A is not publicly traded on any stock exchange making it a private company. This means that it is not subject to public scrutiny or shareholder pressure like public companies are.
Conclusion
In summary, Prada is currently owned by Patrizio Bertelli’s holding company Prada Holding S.A. Bertelli, who joined the company as a sales representative in 1978, has been instrumental in Prada’s growth and expansion over the years. Today, he and his wife Miuccia Prada jointly own the holding company which also owns other luxury brands.